Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 985)

RESIGNATION OF DIRECTOR AND CHIEF FINANCIAL OFFICER

AND

CHANGE IN COMPOSITION OF INVESTMENT AND MANAGEMENT COMMITTEE

The board of directors (the "Board") of CST Group Limited (the "Company") announces that:

  1. Mr. Lee Ming Tung ("Mr. Lee") has tendered his resignation as an executive director and the chief financial officer of the Company with effect from 30 April 2021 in order to devote more time for his personal commitments and plan for retirement. Following his resignation, Mr. Lee ceases to be a member of the Investment and Management Committee ("IMC"); and
  2. Mr. Wah Wang Kei, Jackie, an executive director of the Company, is appointed as a member of the IMC following the resignation of Mr. Lee on 30 April 2021.

Mr. Lee has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited.

The Board would like to express its sincere gratitude to Mr. Lee for his tremendous contributions to the Company during his 19 years of service to the Company.

By Order of the Board

CST Group Limited

Yeung Bik Shan

Company Secretary

Hong Kong, 30 April 2021

As at the date of this announcement, the Board comprises (i) Mr. Chiu Tao (Chairman), Mr. Hui Richard Rui, Mr. Kwan Kam Hung, Jimmy, Mr. Tsui Ching Hung and Mr. Wah Wang Kei, Jackie as executive directors of the Company; and (ii) Mr. Yu Pan, Ms. Ma Yin Fan and Mr. Leung Hoi Ying as independent non-executive directors of the Company.

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CST Group Ltd. published this content on 30 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2021 08:59:01 UTC.